Repaying Prosper loans is straightforward and flexible, allowing borrowers to schedule ACH payments through their online account to ensure timely monthly payments. Borrowers can also make additional payments manually if they prefer. Prosper offers repayment terms ranging from 2 to 5 years, and the monthly payment amount depends on the loan amount, term, and APR. Borrowers should ensure their payments are made by the due date to avoid late fees and maintain a good credit standing.
Make Payments Online Through the Bank Account
Log Into Your Account. Access your Prosper account through the Prosper website.
Go To Payments Section. Navigate to the payments section of your online account.
Schedule ACH Payments. Choose the option to schedule ACH payments.
Enter Payment Details. Input the amount and date for the payment, ensuring it meets the monthly bill due date.
Confirm Payment. Review and confirm the payment details to complete the transaction.
Make Payments Through the App
Open The App. Launch the Prosper app on your device.
Tap Make An Additional Payment. Navigate to the payment section and tap on "Make an Additional Payment".
Enter Amount. Input the amount you wish to pay.
Follow Instructions. Follow the on-screen instructions to complete your payment.
Make Payments Through a Different Bank
Obtain Payment Details. Gather all necessary information, including your loan account number and the Prosper account details where the payment should be sent.
Log in to Your Bank Account. Access your bank’s online banking portal by logging in with your credentials.
Set Up a New Payee. Navigate to the bill pay or transfer section of your bank's website. Select the option to add a new payee and enter the Prosper payment details, including the bank account number and routing number.
Schedule the Payment. Choose the payment date and enter the amount you wish to pay. Confirm the details and schedule the payment. You can choose to make a one-time payment or set up recurring payments if your bank supports this feature.
Confirm and Track the Payment. After scheduling the payment, confirm the transaction. Keep an eye on your bank account to ensure the payment is processed and funds are deducted.
Via ATM
Locate an ATM. Find an ATM that supports loan payments. Some banks and financial institutions offer this service.
Insert Your Debit Card. Insert the debit card linked to your bank account into the ATM.
Select the Payment Option. Navigate through the ATM menu and select the option for making bill payments.
Enter Payment Details. Provide the necessary details, such as your Prosper account number. You might also need to enter the amount you wish to pay.
Confirm and Complete the Transaction. Review the payment details for accuracy. Confirm the transaction to complete your payment.
